SBI puts up 11 NPA a/cs for sale to recover Rs 1,019 cr.

TIL Desk/Business/Washington/ SBI has put up 11 non-performing assets (NPAs) for sale to ARCs and financial companies to recover dues of nearly Rs 1,019 crore. The country’s largest lender said the e-auction of these NPA accounts will take place on November 22.

“In terms of the bank’s policy on sale of financial assets in line with the regulatory guidelines, we place these accounts for sale to ARCs/ Banks/ NBFCs/ FIs,” SBI said in an auction notice on its website. Of these 11 accounts, Janki Corp Ltd has the highest outstanding dues of Rs 592.53 crore.